10 Best FTMO Alternative Firms for Successful Prop Trading
Discover the top 10 FTMO alternative firms for successful prop trading, featuring flexible funding, high payouts, and supportive environments.
Finding the right funded trading account can be a never-ending search, especially for an FTMO alternative. Maybe you've heard about FTMO but want to explore other options that suit your trading style better. The good news is that there are several top-notch funded trading accounts. In this article, you'll discover alternatives to FTMO that can help you get large capital for trading.
Aqua Funded offers one of the best-funded trading accounts for traders seeking an alternative to FTMO. Keep reading to learn more about AquaFunded and how it can help you achieve your trading goals.
What is FTMO?
FTMO stands out as a firm that backs traders in their pursuit of success. They scout for disciplined individuals who excel at risk management and favor consistency over time. With FTMO, traders can earn significant profits, managing accounts up to $200,000 and enjoying profit splits as high as 90%. This can be achieved by trading various financial instruments such as:
- Forex pairs
- Commodities
- Indices
- Stocks
- Cryptocurrencies
The Evaluation Process: Two Steps to Mastery
FTMO uses a two-step evaluation to find the best traders. The first step is to hit a 10% profit target. Traders must trade for at least four days, placing a trade daily. This process ensures that traders are serious and skilled.
Trading Platforms and Leverage: Tools and Flexibility
FTMO offers traders tools like:
- MT4
- MT5
- cTrader platforms
These are popular choices for their reliability and features. The maximum leverage for an FTMO account is 1:100, while the FTMO Account Swing offers 1:30.
Risk Management: Limits and Strategies
FTMO emphasizes discipline with a daily loss limit of 5% to 10% and a trailing drawdown limit of 10% to 20%. Certain FTMO accounts restrict weekend positions and news trading, but the FTMO Account Swing allows for more flexibility.
Evaluation Fee and Trial: A Fair Start
FTMO offers a refundable evaluation fee to traders who qualify as prop traders. They also provide a free trial, allowing traders to test their skills without financial pressure.
Scaling Plan: Growth and Potential
Successful traders can benefit from FTMO’s scaling plan, which boosts account size by 25% every four months. This approach supports long-term growth and success.
Trading Instruments and Diversification
FTMO allows trading in:
- Seven account base currencies
- 42 currency pairs
- Eight metals
- Four futures contracts
- 14 cash indices and commodities
- Ten cryptocurrencies
- 23 blue-chip equities
This diversity lets traders explore different markets and strategies.
Is There a Free FTMO Challenge?
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FTMO offers a free trial account, a simplified version of their FTMO challenge. It's designed for newcomers to understand the process and evaluate their trading skills. If you consistently pass the Free Trial, you might have what it takes for the full FTMO challenge and verification.
While the free trial is a great way to assess your abilities, it doesn’t automatically qualify you for an FTMO account. You’ll still need to go through the evaluation process to become an FTMO trader, even if your results are stellar during the trial.
Exploring Other Funded Trading Programs?
Are you curious about alternatives? AquaFunded, a funded trading program based in Dubai, allows traders to access significant capital accounts and earn up to 95% profit splits.
Their unique funding model offers easy-to-achieve 8% profit targets and fast bi-weekly payouts, with an option for first payout in just 7 days.
Get started with AquaFunded's funded trading program today!
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- How to Get Funded for Trading
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Is FTMO Trustable?
FTMO, based in the Czech Republic, enjoys an outstanding reputation in the trading community. Deloitte recognized it as the Technology Fast 50 winner every year from 2019 to 2022, and it stands out for its consistent performance.
It satisfies its users with a remarkable 4.9 out of 5.0 rating on Trustpilot, based on over 5,000 reviews. This established record helps build confidence, especially when considering a platform as an FTMO alternative.
How FTMO Operates: Structured for Compliance
FTMO has organized its operations to adhere to compliance needs across different regions.
- FTMO evaluation global: Manages international proprietary applications
- FTMO evaluation US: Focuses on traders from the United States.
FTMO operates the main website. These distinct divisions ensure that the company meets the necessary regulatory requirements and keeps operations running smoothly, a factor worth noting when evaluating an FTMO alternative.
Transparency in Operations: Room for Improvement
While FTMO’s track record is impressive, there is a small area that could improve. Currently, the company doesn’t disclose its brokers and liquidity providers.
Knowing these details can offer more transparency, which is especially important for traders looking for an alternative to FTMO. This lack of disclosure hasn’t significantly impacted its reputation or trustworthiness.
10 Best FTMO Alternative Firms For Successful Prop Trading
1. AquaFunded
Are you curious about alternatives? AquaFunded, a funded trading program based in Dubai, allows traders to access significant capital accounts and earn up to 95% profit splits. Their unique funding model offers easy-to-achieve 8% profit targets and fast bi-weekly payouts, with an option for the first payout in just seven days.
Get started with AquaFunded's funded trading program today!
2. FunderPro
FunderPro empowers traders by offering challenges that lead to managing up to $200,000 with an 80% profit split. Trade various instruments, including forex pairs, commodities, indices, and cryptocurrencies.
Enjoy the fastest payout with daily cycles, and choose from three unique funding programs. With no maximum trading period or minimum day requirements, FunderPro offers flexibility and a professional dashboard.
3. Alpha Capital Group
Located in London and managed by CEO George Kohler, Alpha Capital Group offers a two-step evaluation focusing on professionalism. You can trade on their platform using MetaTrader 5 or cTrader.
Enjoy a free trial, zero commission fees, and a scaling plan with bi-weekly payouts. While there are minimum trading day requirements and lot size limits, Alpha Capital Group provides a solid platform for traders looking to grow.
4. FXIFY
This new proprietary trading firm offers access to up to $400,000 with profit shares as high as 90%. You can scale your account up to $4 million with the one-phase or two-phase assessment.
Trade on MT4 or MT5 with:
- Commission-free trading
- Tight spreads
- Customizable leverage
Use expert advisors or automated strategies and enjoy instant payouts and a 125% refund on the assessment fee with the first payout.
5. TakeProfit Trader
TakeProfitTrader offers a transparent funding process with immediate withdrawals and high-profit splits. With a supportive platform, traders can focus on trading effectively and benefit from flexible account resets. While there are monthly fees, the advantages of immediate withdrawals and a high profit split make TakeProfitTrader a strong choice for traders.
6. TopTierTrading
TopTierTrader, based in Florida, offers a single two-step evaluation with various trading instruments. Trade on TradeLocker with leverage up to 1:100 and enjoy a scaling plan with bi-weekly payouts.
While there are minimum trading day requirements and no weekend holding with the regular challenge, TopTierTrader provides a professional dashboard and profit share of 80% up to 90%.
7. The Simulated Trading Capital
This new firm offers a pleasing design and realistic parameters with minimal restrictions. With an 8% profit target and a 12% maximum drawdown restriction, traders have breathing space to execute strategies. While customer service isn't as solid as other platforms, The Simulated Trading Capital offers an 85% profit split and a 120% refund available.
8. Funded Next
In Toronto, Funded Next offers three funding programs for different trading profiles. Enjoy up to 85% profit split and fast payout options. With a one-time payment to access the platform and various membership discounts, Funded Next provides a versatile platform for traders looking to grow.
9. E8 Funding
Based in Dallas, E8 Funding offers various solutions for forex and CFD traders worldwide. With account parameters that help traders stay disciplined, E8 Funding provides an E8X dashboard application to guide you. While fees are higher compared to other platforms, E8 Funding offers no minimum trading days and a 1:100 leverage available.
Pros and Cons of FTMO
FTMO Pros: Trustworthy, Diverse, and Tech-Savvy
Refundable One-Time Fee
FTMO offers a one-time fee that is fully refundable after you pass their evaluation process. This shows their confidence in your ability to succeed and adds an appealing layer of safety to your investment.
Reliability and Payouts
Trustworthiness is key, and FTMO has paid out more than $180 million in profit splits. This track record brings peace of mind to traders who want to know their profits will be paid promptly.
Generous Profit Splits
Profit splits start at 80% and can increase to 90% when you meet trading objectives. This is one of the best profit-sharing arrangements available, especially for newer traders.
Diverse Asset Selection
FTMO offers a wide range of tradable assets. Although many traders focus on forex, you can also trade:
- Commodities
- Indices
- Bonds
- Stocks
- Metals
- Crypto
This allows you to trade the assets you’re most comfortable with.
Advanced Trading Technology
FTMO has made significant investments in trade-tracking technology. All their traders have access to a series of apps designed to help with risk management and profit maximization.
Variety of Trading Platforms
FTMO offers more trading platform options than most. You can choose between cTrader, MT4, MT5, and DXtrade, allowing you to trade on the platform you’re most comfortable with.
Extensive Scaling Plan
FTMO’s scaling plan allows their most skilled traders access to up to $2 million of trading capital. This is a great option if you have the skills to manage larger accounts.
Wealth of Resources
FTMO has existed for years, so there is an incredible amount of trader-generated resources available, including lots of great advice on passing the FTMO Challenge.
FTMO Cons: Challenging Entry, Simulated Environment, and U.S. Restrictions
No U.S. Clients
FTMO is no longer accepting clients from the U.S. This is a major drawback for American traders who are looking for a funded trading program. For the time being, U.S. traders will need to look elsewhere for a prop trading account.
Simulated Trading Environment
FTMO keeps all traders on demo accounts, even those that have passed the FTMO Challenge and become fully funded. Although your profits will be very real, your trades may or may not be executed in the actual market.
Two-Step Evaluation Process
Even though it’s the industry standard, some traders bristle at the two-step evaluation process. In order to receive a funded account, traders must first pass the FTMO Challenge, followed by a verification stage.
Steep Profit Target
The 10% profit target for the FTMO challenge can seem a bit steep. However, if you pass the Challenge, the target drops to just 5% for the verification stage.
Explore AquaFunded: A Promising FTMO Alternative for Traders
Are you curious about alternatives? AquaFunded, a funded trading program based in Dubai, allows traders to access significant capital accounts and earn up to 95% profit splits.
Their unique funding model offers easy-to-achieve 8% profit targets and fast bi-weekly payouts, with an option for the first payout in just seven days.
Get started with AquaFunded's funded trading program today!
Related Reading
- How to Get a Funded Trading Account
- How Do Prop Firms Make Money
- Prop Firm Reviews
- What Is a Prop Firm Challenge
- Best Prop Firms for US Traders
- Proprietary Trading Firms for Beginners
- Trading Companies in UAE
- No Minimum Trading Days Prop Firm
- How to Pass Prop Firm Challenge
- Forex Prop Firms
How Much Does FTMO Pay Out?
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FTMO offers traders the opportunity to receive up to 80% of their simulated profits. This is contingent upon meeting specific conditions and achieving success on the FTMO Account. It’s a rewarding model that allows traders to benefit substantially from their skills and efforts.
After meeting the necessary criteria, traders can enjoy a significant portion of their earnings, making FTMO a compelling choice for those looking for an alternative in funded trading accounts.
Join Our Funded Trading Program Today - Trade with our Capital and Keep 90% of the Profit
Are you tired of the constraints that come with trading your hard-earned capital? AquaFunded, a funded trading program based in Dubai, allows traders to access significant capital accounts and earn up to 95% profit splits.
Their unique funding model offers easy-to-achieve 8% profit targets and fast bi-weekly payouts, with an option for the first payout in just seven days.
Our unique model focuses on simplicity and effectiveness, making it easy for you to succeed:
- Achievable Profit Targets: Reach a realistic and motivating 8% profit target.
- Flexible Payout Options: Enjoy bi-weekly payouts, or opt for your first payout in seven days.
- Low-Risk Trading: Trade confidently with our funds, keeping your capital safe.
AquaFunded stands out in a crowded market as a UAE-based operation, prioritizing trust and reliability. We understand the importance of establishing a solid partnership with our traders built on transparency and mutual success. AquaFunded is not merely another prop trading firm; it’s a strategic ally in your quest for trading excellence.
Take the next step towards realizing your trading ambitions. Apply today and discover the AquaFunded, funded trading program where your success is our priority.
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